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    Oak Forest Investment Opportunity Title is generated by Realmo AI

    4815 155th St, Oak Forest, IL 60452

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    Profitable strip center anchored by a historic day care.

    Type:Retail
    Property size:
    5,000 SF
    Price / SF:
    $170/SF
    Added:
    Mar 17, 2026
    Days on Market:
    108
    Last Refresh:
    Mar 20 at 12:01 am

    Property Features for 4815 155th St

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1976

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    Derek Gonsch
    Derek Gonsch

    Listing office SVN Chicago Commercial

    Listing date Mar 17, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SVN Chicago Commercial

    HighLights

    • Anchored by a historic day care center, providing a stable tenant base.
    • Located in business‑friendly Oak Forest, IL.
    • High traffic location near a stoplight intersection and just off the main road.
    • Brick and concrete construction with a flat vinyl roof.
    • Parking lot and building well‑maintained with upgrades in the last 5 years.
    • Opportunity to increase cash flow by raising rents to market rates.

    Overview

    This commercial property is located in Oak Forest, IL, near the stoplight intersection and just off the main road. The property is a strip center anchored by a historic day care center and houses other popular destination tenants. It offers businesses the opportunity to take advantage of the high-traffic area, while also having privacy and ease of operation. The building is of brick and concrete construction with a flat vinyl roof. The parking lot and building have been well-maintained, with upgrades completed in the last 5 years. The property has two egress points and an outdoor play area for the day care. The property size is 5000 square feet. The property is suitable for shopping centers, retail properties and spaces, day care centers, specialty properties, and general commercial real estate. The property is located one block west of the intersection of 155th St and Cicero Ave, on the north side of the street.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $108.0k $21.60
    − Vacancy −$8.9k −$1.77
    EGI $99.1k $19.83
    − OpEx −$29.7k −$5.95
    NOI $69.4k $13.88
    5,000 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $991.4K
    $867.5K – $1.16M (±1% cap)
    NOI $69,401 @ 7.0% cap · market cap 8.16%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.73M
    $1.51M – $2.01M (±1% cap)
    NOI $120,839 @ 7.0% cap · market cap 14.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pup N Suds Pet Grooming Service Gary's Barber Shop Barber Shop Acorn Child Care ... Daycare Center Chroma Q'lore Hair Salon Egyptian blow dry ... Hair Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Oak Forest Shopping Center — 5209 159th St, Oak Forest, IL 60452

    Location Insight

    • Map
    • Local Demand
    City
    Oak Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.7375924
    Latitude
    41.6102456

    FAQs

    What type of property is this?
    Shopping center - Profitable strip center anchored by a historic day care.
    Where is this shopping center located?
    The property is located at 4815 155th St Oak Forest, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Anchored by a historic day care center, providing a stable tenant base.; Located in business‑friendly Oak Forest, IL.; High traffic location near a stoplight intersection and just off the main road.
    (708) 267-9988 Call to check price and availability
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